Adopted Annual Budget and Program Initiatives
BudgetAI Summary
The City of Fort Worth adopted its FY 2020-2021 annual budget with a unanimous vote by City Council (9-0), which increases property tax revenue by $21.6 million (3.7%) over the prior year, with $18.7 million attributed to newly added properties. The municipal property tax rate remained unchanged at $0.747500, while the city carries total outstanding debt obligations of $951.4 million secured by property taxes. The budget document received the GFOA Distinguished Budget Presentation Award.
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More budgets from Fort Worth
- Budget
The City of Fort Worth adopted its Fiscal Year 2024-2025 Annual Budget, which increases property tax revenue by $11,601,369 (1.58 percent) compared to the previous year, with an additional $25,987,428 expected from newly added properties. The City Council unanimously approved the budget with all 11 members voting in favor. The municipal property tax rate remains unchanged at $0.672500, while the total outstanding municipal debt obligations secured by property taxes stands at $1,335,366,771.
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